You are essentially telling the IRS that you paid this amount to that worker (the payee), and it is the worker's responsibility to pay taxes on their total income. 

In larger transactions, the role you are suggesting is called a KP (Key Principle).

Whether it's commercial real estate, multifamily properties, industrial properties, or development projects, focusing on a specific niche can help you become an expert in that area and differentiate yourself in the market.Build Your Network: Networking is essential in the real estate industry, so continue to build relationships with investors, developers, lenders, brokers, and other professionals.

By spreading investments across these sectors, investors can reduce the impact of adverse movements in any single market segment.Conclusion: The Path ForwardWhile interest rates will invariably ebb and flow, the foundational principles of real estate investment remain constant.

Why shouldn't the same principle apply here?

What you're saying about the importance of vetting the developer is essential.

Through Digital Product Passports (DPPs) powered by technology SMFL is reshaping the core principles of asset management.In the words of SMFL this is more than innovation; it's about addressing challenges in the property industry.

Keeping records is absolutely essential, you learn out of pain.

Here's how I would approach investing in your situation:Evaluate Your Current Property: Since you already own a home in Northport, it's essential to assess its rental potential.

Essentially, we extracted the ADR and occupancy rates to see the variations between potential revenue based on how many guests are able to stay at the properties.The goal is to shed some light on the different levels of demand depending on the # of guests allowed as well as to see which months attract the highest demand (hint: it's March, April & October).